Chris Griffith w The Griffith Group w 239-273-7430Downing Frye Realty, Inc. w www.LifeInBonitaSprings.com

chris@LifeInBonitaSprings.com

March 1 2013Bonita Spring Estero Real Estate Market Report

Bonita Springs Market Report

March 1, 2013

Bonita Bay Historical Real Estate salesFebruary 2004-February 2013

Bonita Bay closed sale volumes have rebounded and are now matching pre-housing crisis numbers.

The sales averages, both high and low echo the highs and low of the over all real estate market.

What Price Range Sold in Bonita Bay?

A healthy number of sales closed over the $1M price this month.

There were no sales closed in the challenged 600-800 price range. It’s a great price range to negotiate deals as a buyer.

Current Bonita Bay Real Estate Inventory and Absorption Rates

This is the anticipated time it would take to sell existing inventory.

Six months is considered a balanced market.

We do have a large amount of pending/pending-contingent properties skewing the market statistics so the months of current inventory would be far less if they weren’t in the equation.

Single Family Homes-Villas – 19.3 Months

Low Rise Condominiums – 9.5 Months Mid Rise Condominiums – 11.25 Months High Rise Condominiums – 16.7 Months Attached Villas – 7.6 Months

Statistics were gathered from the Sunshine MLS on March 3, 2013.

A Decade of Historical Bonita Springs Florida Real Estate Sales

Closed sales have leveled off and are slightly lower than last year but at this time and nearly at the healthy 2004 sales levels.

Sales have been steady and inventory remains rather thin in entry level priced properties under $400,000 which accounts for 80% of sales.

What is The Condition of Bonita Springs Florida Real Estate Sales?How distressed is real estate in Bonita Springs and Estero Florida?

The level of sold foreclosures is low but the short sales are at very low levels compared to recent months, also.

Foreclosure properties sell quickly and experience multiple offers when they do come to the market.

How Bonita Springs Real Estate is Paid For Cash remains king with about 70% of all real estate closed sales being funded with cash.

For those who are looking for alternative financing such as owner financing or private hard money, the numbers are particularly slim.

What Price Range of Bonita Springs Florida Real Estate is Selling?

City wide about 80% of all closed sales were under the $400K price point. The 600-800K price point accounts for about 1.7% of all closed sales (purple). A dismal statistic for that price range.

A total of 137 +/- properties were closed sale in Bonita Springs and Estero Florida during the month of Feb 2013.

Current Bonita Springs Real Estate Inventory and Absorption Rates

Statistics were gathered from the Sunshine MLS on March 2, 2013.

This is the anticipated time it would take to sell existing inventory.

Six months is considered a balanced market. We do have a large amount of pending/pending-contingent properties skewing the market statistics so the months of current inventory would be far less if they weren’t in the equation.

Single Family Homes-Villas – 11.6 Months(h .6 mo.)Low Rise Condominiums – 10.5 Months(34 .4 mo.)Mid Rise Condominiums – 19.5 Months(h .5 mo.)High Rise Condominiums – 15.7 Months(h .9 mo.)Attached Villas – 9.7 Months(h 1.4 mo.)Manufactured Homes – 13 Months(i .5 mo.)

Did You Miss The Real Estate Boat?Entry Level

Prices Are Rising!

The Deals Remain in $600,000 and Up Priced Real

Estate!

www.LifeInBonitaSprings.comwww.Facebook.com/BonitaSprings www.Twitter.com/ChrisGriffithFL

For More Information about Bonita Springs and Estero Florida Real Estate …

Visit www. LifeInBonitaSprings.com to view market statistics, current listings and to Search for Homes http://lifeinbonitasprings.com/about/search-mls to view real estate market reports from month prior visit: http://lifeinbonitasprings.com/category/bonita-springs-market-report

Statistics were gathered from the Sunshine MLS on March 2, 2013.

All information is deem accurate, not guaranteed and subject to change. Check the date on this report for freshness. If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report.

Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advice before engaging in any transaction. All information is deemed, accurate, subject to change and not guaranteed.